The agony and the ecstasy of politics is being played out in exquisite detail in NSW as we move towards the end game of Morris Iemma's bold plan to privatise the state's electricity assets. 

Political aficionados are in heaven. Macquarie Street is dominated by one question: "Will Barry back it?" 

In other words: "Will O'Farrell back the sale of the retailers and the 99-year lease of the generators now the auditor-general has supported the privatisation method proposed by the Government?" 

A State Drunk With Power